Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
IBBI revamps liquidation forms to cut compliance burden on IPsThe Insolvency Bankruptcy Board of India has introduced new electronic forms for liquidation processes. These revised forms aim to simplify...
Lenders made better recovery in large IBC cases: Official dataLenders recovered 33.2% of claims from large stressed firms under the Insolvency and Bankruptcy Code. Factors such as realisable asset valu...
IBBI proposes compliance procedures for IPs, seeks stakeholder feedbackThe Insolvency Bankruptcy Board of India (IBBI) has proposed changes to the corporate insolvency resolution process (CIRP) forms and compli...
Record 273 stressed cases resolved via IBC in 2023The realisation proceeds were to the tune of ₹67,000 crore in 2023 against ₹20,860 crore in 2022, according to the Insolvency and Bankruptc...
IBBI prepares list of 787 insolvency professionals to expedite resolution processThe move is aimed at avoiding administrative delays in the appointment of IPs to expedite insolvency resolution and prevent further erosion...
With India's new rules, home buyers will get much-needed relief and assuranceAmid rising real estate prices, concerns loom for home buyers fearing builder bankruptcy and legal woes, reminiscent of cases like Jaypee, ...
IBBI to tighten voluntary liquidation regulations; liquidators have to explain delayProposing four changes to its regulations on voluntary liquidations, the Insolvency and Bankruptcy Board of India (IBBI) has also asked the...
Uniform reporting standards for RPs, creditors on anvilThe Insolvency and Bankruptcy Board of India (IBBI) will create a data bank of the information received from RPs and creditors, allowing st...
Expert panel pitches for national dashboard for insolvency dataThe Insolvency and Bankruptcy Code (IBC), which provides for a time-bound and market-linked resolution of stressed assets, has been in forc...
86% insolvency cases pending over 270 daysLatest data released by the Insolvency & Bankruptcy Board of India (IBBI) on Monday showed that up to December, 1,481 of the 1,717 pending ...
86% insolvency cases pending over 270 daysOver 85% of the ongoing corporate insolvency cases have dragged beyond 270 days, which was the upper limit for finalisation of the process....
IBBI will strive for 'malleable regulatory framework' within confines of insolvency law: MS SahooThe Insolvency and Bankruptcy Board of India (IBBI) has adapted itself to the new environment in the wake of the coronavirus pandemic and w...
IBBI working to provide accountable and competent valuers: MS SahooThe IBC has helped financial and operational creditors recover over Rs 68,000 crore through successful resolutions of stressed assets in 88...
Only registered valuers can do valuation under IBC from February 2019Valuation of assets is a key factor for an "informed decision making" under the Insolvency and Bankruptcy Code (IBC).
IBBI penalises five debt resolution professionalsThe penalties came for various reasons, including dubious conduct.
IBBI notifies regulations for probe under bankruptcy codeInsolvency professional agencies, professionals, entities and information utility are considered as service providers under the Code.